Telos (NASDAQ:TLS) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Telos (NASDAQ:TLS) announced its quarterly earnings data on Monday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06, FiscalAI reports. The firm had revenue of $55.20 million for the quarter, compared to analyst estimates of $50.11 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%.

Telos Stock Performance

TLS opened at $4.82 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $4.52. Telos has a 1-year low of $3.79 and a 1-year high of $8.36. The company has a market cap of $360.23 million, a price-to-earnings ratio of -22.95 and a beta of 0.98.

Insider Buying and Selling at Telos

In other news, EVP Gary Bendza sold 200,000 shares of Telos stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the completion of the transaction, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the sale, the executive vice president owned 589,915 shares in the company, valued at $2,790,297.95. This represents a 9.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 581,549 shares of company stock valued at $2,512,583 over the last ninety days. 14.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TLS has been the subject of several research reports. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wedbush lowered Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Thursday, September 10th. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Yorkville Ives assumed coverage on Telos in a report on Monday, October 5th. They issued an “outperform” rating and a $6.00 price target on the stock. Finally, Wall Street Zen cut Telos from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Telos currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.42.

About Telos

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.